Danisco removes receipts from Helsinki bourse

Danish sugar and food ingredients group Danisco said on Thursday it planned to delist its Finnish depositary receipts (FDR) from the Helsinki bourse due to poor liquidity.

Danisco had listed in Helsinki as part of its takeover of Finnish group Cultor in the late 1990s.

"With a view to offering...shareholders better pricing and stronger liquidity at the Copenhagen Stock Exchange, there is no longer a basis for maintaining our FDR programme on the HEX Helsinki Exchanges," Danisco said in a statement.

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